Okla. Stat. tit. 36, § 36-402: Persons prohibited from engaging in business of insurance
Where this section sits in the code
- OK Code
- Title 36
- Exception - Penalty.
A. No person who has been convicted of any criminal felony
involving dishonesty or a breach of trust, or who has been convicted
of an offense under Section 1033 of Title 18 of the United States
Code, shall engage or participate in the business of insurance in
this state or do any of the acts of an insurance business as set
forth in Section 4 of this act.
B. A person described in subsection A of this section may
engage in the business of insurance or participate in such business
if such person has the written consent of the Insurance
Commissioner.
C. A person who violates subsection A of this section or any
rule promulgated pursuant thereto is subject to a civil penalty of
not more than Ten Thousand Dollars ($10,000.00) for each act of
violation and for each day of violation.
D. The business of insurance includes title insurers for
purposes of the Crimes by or Affecting Persons Engaged in the
Business of Insurance Act.
Collected 2026-09-14T18:32:36Z. Source file · JSON